SpaceX secures acquisition rights for Cursor at a $60 billion valuation, Microsoft previously failed to acquire it

Odaily Planet Daily News Microsoft once evaluated the possibility of acquiring AI programming tool company Cursor, but ultimately did not proceed with the deal. Subsequently, SpaceX quickly reached an agreement, obtaining the option to acquire Cursor at a $60 billion valuation. If the acquisition is not completed, it must pay a $10 billion termination fee. Cursor is currently an important player in the AI programming track, benefiting from the strong demand from developers for automated programming tools. Competition in this field has become increasingly fierce, with OpenAI and Anthropic being major players. On the other hand, Microsoft is facing multiple pressures, with its stock price falling 10% so far this year, underperforming its peers in the hyperscale data center sector. (Techstartups)